Leaders of institutions everywhere have lost trust. The global economy is stalled and the world is deeply divided, too unequal, unstable and unsustainable.
Sentiment: NEGATIVE
It's not just that individuals have lost faith in the integrity of their leaders, it's that they no longer believe society's most powerful institutions are acting in their interests.
Our trust in the future has lost its innocence. We know now that anything can happen from one minute to the next. Politics, religion, economics, and the institutions of family and community all have become abruptly unsure.
The issue with international institutions is that there is a crisis of legitimacy. Trust in these institutions is a serious problem.
Trust is central to an economy that works.
What makes me worry today is the alarming decline in the trust in democratic institutions - political parties, Parliaments, political leaders. Less and less people are going to the polls in most advanced democracies.
People are rapidly losing hope and trust. They believe their government has been captured by special interests and no longer cares about them, and they are right.
So, there is enormous instability in the global economy with a shift of winners and losers.
For an adult, the world is constantly trying to clamp down on itself. Routine, responsibility, decay of institutions, corruption: this is all the world closing in.
Erosion of faith and trust in government - that is the real problem that confronts us.
The long-standing wisdom that everyone wins in a single world market has been undermined. Global trade, capital flows, and immigration are declining.
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